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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices are running weakly, and fundamentals have not improved much

    PVC futures prices are running weakly, and fundamentals have not improved much

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    As of 11.
    28, PVC futures prices are running weakly; the macro atmosphere has improved; the starting load of PVC industry has increased slightly; calcium carbide starts at a low level, and the price is stable; PVC new equipment is put into testing and running; imports to Hong Kong exceed expectations; terminal demand is general, procurement is resistant to high prices, and spot transactions are not good
    .

    PVC

    Futures market: as of 11.
    28, the main PVC closed at 5906 yuan / ton (-3.
    5%); Top 20 main long positions: 315210 (-51491) Short positions: 332032 (-23674); Net short position: 16822 (+26348).

    Spot: as of 11: East China (calcium carbide method) quotation on the 28th: 6030 yuan / ton (-50); South China (calcium carbide method) quotation: 6105 yuan / ton (-50).

    Blue charcoal: as of 11.
    28, Shaanxi 1426 yuan / ton (0).

    calcium carbide: as of 11.
    28 North China 4165 yuan / ton (+125).

    In the short term, with the commissioning of new devices, supply-side pressure remains; Downstream demand is generally performing, and there is high price resistance at the spot end, maintaining the state
    of rigid procurement.
    PVC's own fundamentals have not improved much; On the macro side, domestic financial policies will improve the real estate market in the medium and long term, boosting PVC demand
    .
    Expectations are good, but it will take time for the policy to be implemented
    .
    It is feared that the upside of the January contract is relatively limited
    .
    Wait and see
    .

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